The National Oil Corp. wants its unit Arabian Gulf Oil Co. to develop discovered gas deposits in the NC-7 block in western Libya, potentially in collaboration with consortium partners Eni SpA, TotalEnergies SE, Abu Dhabi National Oil Co. and Turkish Petroleum Corp., according to a letter from the NOC to Abdul Hamid Dbeibah, the prime minister of Libya’s internationally recognized government.
In effect, a handful of counties in West Texas and southeastern New Mexico have added more new oil supply since 2020 than some OPEC members produce outright — a reminder that the balance of global oil power still tilts heavily toward the Permian.
Gold prices reached an all-time high above $3,500 per ounce due to increased speculation of a September interest rate cut by the US Federal Reserve and ongoing political tensions.
Airtec is a manufacturer and supplier of industrial and speciality gases to the energy, manufacturing and healthcare industries. The acquisition will add to Linde’s operational assets in the region, which include air separation units, carbon dioxide plants and associated infrastructure.
ADNOC has begun drilling horizontal wells and testing oil to the surface at a shale block operated by EOG Resources in the Al Dhafra region of Abu Dhabi, Reuters reported on Tuesday.
Three international consortiums have been invited by the Kuwait Authority for Partnership Projects (KAPP) to submit proposals. They are led by Abu Dhabi National Energy Company (TAQA), Saudi Arabia’s ACWA Power and China Power International.
Argent LNG has formally submitted its request to enter the Federal Energy Regulatory Commission (FERC) pre-filing process, marking a critical regulatory milestone in the development of its 25 million tonnes per annum (MMtpa) liquefied natural gas (LNG) export terminal at Port Fourchon, Louisiana.
Clariant Oil Services has expanded its commitment to Norwegian oil and gas customers with a new bulk storage and transfer base located in Dusavik, Norway together with its long-standing strategic partner Swire Energy Services. The new site consists of multiple bulk storage tanks with transfer capability to supply either directly to vessels or tote tanks. The system is fully automated to ensure chemicals are transferred accurately and efficiently, and full operations are expected in September 2025.
STR operates globally with technology and service facilities in Aberdeen, Great Yarmouth, Houston, Perth, Singapore and invested £5m in a new Norway facility earlier this year which Christie will oversee. The company has doubled headcount in the last three years and now has 120 people with further growth to be delivered through strategic acquisitions, market expansion and a diversified technology and solutions offering, with plans to have a dedicated Middle East facility next year.
Ghana’s Energy Ministry has recently hinted at an arrangement where Nigeria would supply natural gas to Ghana, which Ghana would then use to generate electricity. Instead of paying for the gas in cash, Ghana would export some of the electricity back to Nigeria and other neighbours as a form of barter trade.